Auction Information
Online Bidding SiteFULTON COUNTY, IL LAND AUCTION - ORWIG
FULTON COUNTY, IL LAND AUCTION - ORWIG
Tuesday, September 17, 2024 - 10:00 AM Central
Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161
LOCATION
Fulton County, Illinois
The Orwig farm is located a short distance south of Smithfield, IL & is further described as being located in Section 33, T6N - R2E, Cass Township, Fulton County, IL.
SELLER
Troy L. & Barbara J. Orwig
MANAGED BY
Michael Sullivan (309) 333-0916
GENERAL INFORMATION
40.92 taxable acres 1 tract
The farm represents a combination of CRP cropland, timber, recreational opportunities & potential building sites.
TRACT INFORMATION
FSA figures indicate 26.20 acres of NHEL cropland.
19.50 acres are currently enrolled in a CP38E-1 CRP program which pays $220.45 per acre for a total annual payment of $4,299.00. This contract expires on...
19.50 acres are currently enrolled in a CP38E-1 CRP program which pays $220.45 per acre for a total annual payment of $4,299.00. This contract expires on 9/30/2025.
The remaining 6.7 acres of cropland have recently come out of CRP and can go back into production
The balance of the farm represents timber & draws which offer hunting/recreational opportunities
Productivity Index (PI): 117.4 - on the cropland acres
Soil types include Rozetta, Keomah, Clarksdale & Sable
Access is along the north by E Brock Chapel Rd & at the southwest corner by Round Barn Rd
METHOD & TERMS
The Orwig farm will be sold on a price per acre basis, based on 40.92 taxable acres.
Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Thursday, October 17, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay all the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession of the farm at closing. Seller will retain the 2024 government payments. New buyer will receive 100% of the 2025 government payments. There are no hunting leases associated with the property.
Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.
All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.
Troy L. & Barbara J. Orwig
Representing Attorney:
Steve Holland | Holland & Holland
397 W Main St, Bushnell, IL 61422 | (309) 772-3178
Auction Manager:
Michael Sullivan (309) 333-0916
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Fulton County, Illinois
The Orwig farm is located a short distance south of Smithfield, IL & is further described as being located in Section 33, T6N - R2E, Cass Township, Fulton County, IL.